Darling Ingredients Inc. Announces Agreement to Bring First Regular Supply of Sustainable Aviation Fuel to Florida Through Diamond Green Diesel Joint Venture
Darling Ingredients Inc. (NYSE: DAR) has announced that its joint venture, Diamond Green Diesel (DGD), will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express. Over a two-year period, World Fuel Services will deliver approximately 60 million gallons of blended SAF, including 18 million gallons of neat SAF, produced by DGD from used cooking oil and food waste.
The SAF will have at least 80% lower lifecycle greenhouse gas emissions compared to conventional jet fuel and will be used for DHL Express's GoGreen Plus emission-reduced air transportation services. DGD's Port Arthur plant is expected to be capable of upgrading about 50% of its 470 million gallon annual production capacity to SAF by the fourth quarter of 2024, potentially making it one of the largest SAF manufacturers globally.
Darling Ingredients Inc. (NYSE: DAR) ha annunciato che la sua joint venture, Diamond Green Diesel (DGD), fornirà la prima fornitura regolare di carburante aereo sostenibile (SAF) in Florida attraverso un accordo tra World Fuel e DHL Express. Nel corso di un periodo di due anni, World Fuel Services consegnerà circa 60 milioni di galloni di SAF miscelato, tra cui 18 milioni di galloni di SAF puro, prodotto da DGD a partire da olio da cucina usato e rifiuti alimentari.
Il SAF avrà emissioni di gas a effetto serra durante il ciclo di vita almeno dell'80% inferiori rispetto ai carburanti per aerei convenzionali e sarà utilizzato per i servizi di trasporto aereo a bassa emissione GoGreen Plus di DHL Express. Si prevede che l'impianto di Port Arthur di DGD sarà in grado di convertire circa il 50% della sua capacità produttiva annuale di 470 milioni di galloni in SAF entro il quarto trimestre del 2024, rendendolo potenzialmente uno dei più grandi produttori di SAF a livello globale.
Darling Ingredients Inc. (NYSE: DAR) ha anunciado que su empresa conjunta, Diamond Green Diesel (DGD), proporcionará el primer suministro regular de combustible de aviación sostenible (SAF) a Florida a través de un acuerdo entre World Fuel y DHL Express. Durante un período de dos años, World Fuel Services entregará aproximadamente 60 millones de galones de SAF mezclado, incluyendo 18 millones de galones de SAF puro, producido por DGD a partir de aceite de cocina usado y desechos alimentarios.
El SAF tendrá emisiones de gases de efecto invernadero durante su ciclo de vida al menos un 80% inferiores en comparación con el combustible jet convencional y se utilizará para los servicios de transporte aéreo con reducción de emisiones GoGreen Plus de DHL Express. Se espera que la planta de Port Arthur de DGD sea capaz de actualizar aproximadamente el 50% de su capacidad de producción anual de 470 millones de galones a SAF para el cuarto trimestre de 2024, lo que podría convertirla en uno de los mayores fabricantes de SAF a nivel mundial.
Darling Ingredients Inc. (NYSE: DAR)은 자사의 합작 투자 프로그램인 Diamond Green Diesel (DGD)이 Florida에 지속 가능한 항공 연료(SAF)의 첫 번째 정기 공급을 제공한다고 발표했습니다. 향후 2년 간 World Fuel Services는 DGD가 사용한 요리 기름과 음식 쓰레기로 생산한 약 6천만 갤런의 혼합 SAF를 제공합니다. 여기에는 1800만 갤런의 순수 SAF가 포함됩니다.
SAF는 일반 항공유에 비해 생애 주기 동안 온실가스 배출량이 최소 80% 감소하며, DHL Express의 GoGreen Plus 저배출 항공 운송 서비스에 사용됩니다. DGD의 Port Arthur 공장은 2024년 4분기까지 연간 4억 7000만 갤런의 생산 능력 중 약 50%를 SAF로 전환할 수 있을 것으로 예상되어, 세계 최대의 SAF 제조업체 중 하나가 될 수 있습니다.
Darling Ingredients Inc. (NYSE: DAR) a annoncé que sa coentreprise, Diamond Green Diesel (DGD), fournira le premier approvisionnement régulier de carburant d'aviation durable (SAF) en Floride par le biais d'un accord entre World Fuel et DHL Express. Au cours d'une période de deux ans, World Fuel Services fournira environ 60 millions de gallons de SAF mélangé, y compris 18 millions de gallons de SAF pur, produit par DGD à partir d'huile de cuisson usagée et de déchets alimentaires.
Le SAF aura des émissions de gaz à effet de serre d'au moins 80% inférieures par rapport au carburant aérien conventionnel et sera utilisé pour les services de transport aérien à faibles émissions GoGreen Plus de DHL Express. La centrale de Port Arthur de DGD devrait être capable de convertir environ 50% de sa capacité de production annuelle de 470 millions de gallons en SAF d'ici la fin du quatrième trimestre 2024, ce qui pourrait en faire l'un des plus grands fabricants de SAF au monde.
Darling Ingredients Inc. (NYSE: DAR) hat angekündigt, dass ihr Joint Venture, Diamond Green Diesel (DGD), durch eine Vereinbarung zwischen World Fuel und DHL Express die erste regelmäßige Lieferung von nachhaltigem Flugkraftstoff (SAF) nach Florida bereitstellen wird. Im Laufe von zwei Jahren wird World Fuel Services etwa 60 Millionen Gallonen gemischten SAF liefern, darunter 18 Millionen Gallonen reinen SAF, hergestellt von DGD aus gebrauchtem Speiseöl und Lebensmittelabfällen.
Der SAF wird mindestens 80% niedrigere Treibhausgasemissionen im Lebenszyklus im Vergleich zu herkömmlichem Jet Kraftstoff aufweisen und für die emissionsreduzierten Lufttransportdienste GoGreen Plus von DHL Express verwendet werden. Die Port Arthur-Anlage von DGD wird voraussichtlich in der Lage sein, etwa 50% ihrer jährlichen Produktionskapazität von 470 Millionen Gallonen auf SAF umzustellen bis zum vierten Quartal 2024, was sie potenziell zu einem der größten SAF-Hersteller weltweit machen könnte.
- Agreement to supply 60 million gallons of blended SAF to Florida over two years
- SAF production expected to have 80% lower lifecycle greenhouse gas emissions compared to conventional jet fuel
- DGD Port Arthur plant to upgrade 50% of its 470 million gallon annual production capacity to SAF by Q4 2024
- Potential to become one of the largest SAF manufacturers globally
- Expansion of DGD's SAF sales book and market reach
- None.
Insights
Under the terms of the agreement, World Fuel Services (World Fuel), a World Kinect Company (NYSE: WKC) will deliver over a two-year period approximately 60 million gallons of blended SAF, of which 18 million gallons will be neat SAF (equaling approximately 227 million liters of blended SAF containing 68 million liters of neat SAF), and will be provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE: VLO). This agreement
"As we continue expanding Diamond Green Diesel's SAF sales book, we're not only increasing market reach but also driving a meaningful shift toward a more sustainable energy landscape," said Randall C. Stuewe, Chairman and CEO. "We feel good about where we're headed — not just in growing our SAF contracts, but in the completion and startup of DGD's SAF operations, which remain on track for fourth quarter. DGD continues to be the lowest-cost, most profitable producer in the market, reinforcing our commitment to delivering both environmental and economic value."
With SAF expected to be on line during fourth quarter 2024, the DGD Port Arthur plant will have the capability to upgrade approximately 50 percent of its current 470 million gallon annual production capacity to SAF. With the completion of this project, DGD is expected to be one of the largest SAF manufacturers in the world.
About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about
Cautionary Statements Regarding Forward-Looking Information
This release may contain "forward-looking statements," which include information concerning the Company's plans, objectives, goals and strategies and other information that is not historical information. When used in this release, the words "expects" and "will" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Darling Ingredients Contacts
Investors: | Suann Guthrie |
Senior VP, Investor Relations, Sustainability & Communications | |
(469) 214-8202; suann.guthrie@darlingii.com | |
Media: | Jillian Fleming |
Director, Global Communications | |
(972) 541-7115; jillian.fleming@darlingii.com |
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SOURCE Darling Ingredients Inc.
FAQ
What is the volume of SAF Darling Ingredients (DAR) will supply to Florida?
How much lower are the greenhouse gas emissions of Darling Ingredients' (DAR) SAF compared to conventional jet fuel?
When is Darling Ingredients (DAR) expected to complete its SAF operations at the DGD Port Arthur plant?
What percentage of DGD's production capacity will be upgraded to SAF for Darling Ingredients (DAR)?
